Pivot: 1291
Our preference: Long positions above 1291 with targets @ 1312 1318.5 in extension.
Alternative scenario: Below 1291 look for further downside with 1283 1280 as targets.
Comment: The RSI is above its neutrality area at 50%. Prices validated a Broadening Formation: a bullish reversal pattern.
Supports and resistances:
1325
1318.5
1312
1305 Last
1291
1283
1280
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